Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Interest and dividend income from investments with co-operative societies and co-operative banks qualified for the claimed deduction because the statutory condition was met where income arose from such investments. The remaining additional depreciation for machinery used for less than 180 days in the preceding year was allowable for the relevant assessment year under the amended third proviso, which permits the balance claim in the immediately succeeding year from 1 April 2016. Milk cans and artificial insemination and laboratory equipment could qualify as plant and machinery for additional depreciation where normal depreciation was allowed and other conditions were satisfied. All proposed questions were decided for the co-operative society, and the tax appeals were dismissed.
Interest and dividend income from investments with co-operative societies and co-operative banks qualified for the claimed deduction because the statutory condition was met where income arose from such investments. The remaining additional depreciation for machinery used for less than 180 days in the preceding year was allowable for the relevant assessment year under the amended third proviso, which permits the balance claim in the immediately succeeding year from 1 April 2016. Milk cans and artificial insemination and laboratory equipment could qualify as plant and machinery for additional depreciation where normal depreciation was allowed and other conditions were satisfied. All proposed questions were decided for the co-operative society, and the tax appeals were dismissed.
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